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20130104
20130112
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
treasury secretary. jack lew is a veteran of capitol hill and of more than one big major budget negotiations which is exactly what the president is facing right now. he's somebody with a low key demeanor who gets along well with others. his confirmation is expected to be not too difficult. what he doesn't provide is a strong business background or wall street ties, although he did work for citigroup for a while and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis. but jack lew is expected to be announced today. the pecked speculation about his replacement as white house chief of staff has centered in the last 24 hours around dennis mcdonna. sources tell me that dennis mcdonough is the chief candidate. ron biden has already been a contender. wool see whether the president pairs the announcement of a new chief of staff with jack lew's appointment today. >> so jack lew seems to have the nomination locked up. danny krugman is expected to be looked go ahead at fo
in washington. and that's a huge wildcard. lori: quick follow-up. jack lew, does he change things? obviously, we know he's in favor of big government, big spending, probably face a big fight for his confirmation. jack, do you think that changes anything for your markets outlook? >> it doesn't for me. i think the biggest change we're going to see right away is just new signatures on our currency. beyond that, you know, the treasury has at least under geithner in the second term here has really sort of backed away from center stage giving, handing the baton mostly to the fed. you know, whether lew takes a more activist role, he certainly is an obama loyalist, remains to be seen. i will say, you know, there's probably a little more contention in washington surrounding jack lew than there is, perhaps, on wall street right now. ashley: all right, jack. let me bring you in -- david, i'm sorry. jack, you had, we've heard from you. let's bring in david on where investors can make money in this market. what do can you like spa why? -- and why? >> sure. well, i'll make a comment on commodities. some peopl
obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down
decided to nominate his current white house chief of staff, jack lew to secede timothy geithner. gloria, do we expect any serious opposition? >> well, there are going to be republicans who oppose him. senator sessions, the ranching republican on the budget committee came out and said he would not support jack lew. >> because? >> because of his testimony before the deficit committee and that the budget could be reduced. he said that's evidence that jack lew should not be confirmed. particularly on these fiscal matters, he did run the office of budget during the debt ceiling negotiations and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt tha
, jacob "jack" lew is said to be the president's pick to replace treasury secretary timothy geithner. that nomination is expected tomorrow. should he be confirmed by the senate, one of lew's first challenges will be dealing with the rapidly approaching debt ceiling. darren gersh reports. >> reporter: assuming he wins senate confirmation, jacob "jack" lew will take over a treasury that is rapidly running out of cash. the federal government has already hit the debt ceiling. and the only way the government can pay its bills is by using accounting gimmicks to move money around. those tricks will only get the government through mid-february. at that point lew might have to take the unprecedented step of deciding he has the legal authority to pick and choose which bills the feds will pay. >> even if it were clear that the treasury secretary could do that, pick and choose, the ability, the real ability to reprogram all of the software in treasury's computers which connect to all of the computer software in the various agencies is not something that can be done in ten minutes or ten days or
, jacob "jack" lew will take over a treasury that is rapidly running out of cash. the federal government has already hit the debt ceiling. and the only way the government can pay its bills is by using accounting gimmicks to move money around. those tricks will only get the government through mid-february. at that point lew might have to take the unprecedented step of deciding he has the legal authority to pick and choose which bills the feds will pay. >> even if it were clear that the treasury secretary could do that, pick and choose, the ability, the real ability to reprogram all of the software in treasury's computers which connect to all of the computer software in the various agencies is not something that can be done in ten minutes or ten days or ten weeks. so you have the right to do it but you don't have the ability to do it. >> reporter: the treasury uses a separate computer system to make interest payments on the federal debt so it is possible investors would get what they are owed. but what happens with social security, medicare and federal employee pay, is less clear. so secre
is reportedly set to nominate his chief of staff, jack lew, to replace timothy geithner at the treasury department for obama's second term jack lew widner geithner in heading treasury after a stint on wall street, working at the financial giant citicorp between 2006 and 2010. the u.n. arab league envoy to syria has issued his strongest words to date against the regime of syrian president bashar al- assad. speaking to bbc news, lakhdar brahimi appeared to endorse al- assad's departure from government as part of any political solution in syria. >> what people are saying, it is a little bit too long. so the change has to be real. i think president assad could for what hislead an people want, rather than resisting it. >> afghan president karzai is in the u.s. for talks with president obama on u.s. troops levels in afghanistan after the withdrawal deadline of 2014. obama administration officials have recently floated troop numbers ranging from zero to 20,000 after combat operations formally come to an end. karzai kicked off his visit on wednesday by meeting a group of senators. >> the trip h
for a second. john kerry, chuck hagel and now jack lew who could become part of the second term cabinet. the question is, where are the women? gloria borger has thoughts. >> we are here! >> we're next. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in your day. . >>> the president's labor secretary announced her resignation yesterday. the same day it just so happened that this photograph appeared on the front of the "new york times." take a look with me. take a long look. all men. so it appears at this fiscal cliff meeting convened by the president. you look closely enough and you can see the leg of white house adviser valerie jarrett. that is valerie jarrett's leg obscured by the man in corduroys. today democrat charlie rangle is quoted as saying it
jack lew will face will be much nastier than the ultimate outcome. >> the debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over the debt ceiling, the real fight is over deficit reduction and the debt ceiling is not a lever that will ultimately be pulled. being treasury secretary over the next couple of years is not going to be an easy job, tom. >> tom: what do we know about lew's background, darren, that could inform us how he may treat the negotiations over the debt ceiling? >> he has been described to me as a pragmatic progressive. he has been around for 25 years in washington, and he has been involved in almost all of the major budget battles. so he is widely respected. he really knows his stuff, and he is seen as a calm but fierce negotiator. >> tom: did he play any role back in august of 2011, the last time we had this debt ceiling de back debac. >> absolutely. there were some republicans who felt that lew got the best of them. he came up with the whole scenario of sequeste
should, have a relatively easy ride through its confirmation process. white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? to get our adt security system. and one really big reason -- the house next door. our neighbor's house was broken into. luckily, her family wasn't there, but what if this happened here? what if our girl
president obama tapped current white house chief of staff jack lew to take the place of tim geithner, and we expect that announcement tomorrow. jay carney likely to get questions about that today at the white house briefing set to start at 2:15 eastern now, and it will be live here on c-span2 live coverage, a discussion on this year's budget battle from today's "washington journal." >> host: back at the table is the president of club for growth, talking about the republican agenda for the 113th congress. let me show our viewers the "washington times" from mondays and the headline, g.o.p. shut down and sanity jolt as a way to press need for cuts." when it comes to the next budget battles ahead, republican senators, ted cruz, and others, laying the ground work. are you part of the effort or consulting with them on this? what do you think about it? >> guest: we supported people like cruz and others champions of economic freedom in the senate and other house members. we do that because we want fiscal sanity in washington. we endorse people at the club for growth we think hold a pro-growth view,
.a. county board of supervisors. and today the president is expected to nominate jack lew as secretary of the treasury. he is currently the president's chief of staff. he would replace timothy geithner who previouslily announced plans that he would leave office. >>> now, if you lew's nomination is approved, there will be a peculiar signature on our money. this is how he signs his name. start checking your money. >> i don't see one letter in that signature. okay. >> he must have been a doctor. >> maybe. >>> those troubled boeing 787s are having even more problems. a potential brake problem canceled a dreamliner flight in japan yesterday. that's three electrical issues in two days for the new 787. and it's will the latest in a string of glitches that hit the plane since its debut. the other problems this week, a fuel leak and electrical fire. >>> a castro valley man is expected in court today after a strange discovery in his home. imagine the police on this one? an alligator named mr. teeth by the way was in a plexiglass tank atop 34 pounds of marijua
house chief of staff jack lew is considered to be another choice for the job. at the cia john brennan, an acting cia director michael morell remain on a short list. history shows most presidents get the nominees they want, but in this political environment there's no guarantee. >> it used to be just be supreme court justices who inspired partisan free-for-alls. now it's bleeding down into a president's cabinet picks as well. >> some confirmations will be easier than others. if chuck hagel does get the nod, we expect that there will be continued resistance there. one of the picks for secretary of state, senator john kerry, his confirmation expected to be a smooth one. suzanne. >> i understand the president and white house reacting it to a december jobs report that came out today. we had 155,000 jobs added here, unemployment rate was unchanged however. do is the white house pleased with those numbers? >> reporter: to a point. i mean, the release from the white house similar to what we've seen over the last year when these job numbers come out is that they believe that the economy is mov
Search Results 0 to 19 of about 20 (some duplicates have been removed)

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